Jeff Schotz has been involved in the leasing of more than 30 million square feet to many of the world's premier corporations, including Microsoft, CBS, Pepsi-Cola, Mutual of New York, JP Morgan Chase, Citicorp, Linde, British Telecom, Newell Brands and Ernst & Young.
Foreign investment has become so central to Washington CRE that its temporary contraction in 2016 appears to have prompted a substantial slowdown in the city’s multifamily market.
The deal for the 127-room luxury hotel calculated out to approximately $421,000 per key. The transaction marks Xenia’s fourth luxury hotel property acquisition in 2018 and is the company’s 41st hotel property in its portfolio.
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
- Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
- Exclusive discounts on ALM and GlobeSt events.
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.
Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.